We expect ES to trend downwards for the next 2 hours. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen because the released value is > -40K. A price movement of 9,625 pips is expected.
Historical events that allowed us to draw this conclusion
|19 Mar 00:30|
|20 Feb 00:30|
|19 Dec 00:30|
|19 Sep 01:30|
|13 Jun 01:30|
|18 Apr 01:30|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).